November 6th

Suggestion
Pancake: Look at 103700-104200, and watch 101700-100500
Two cakes: looking at 3420-3480, see 3250-3100

Currently, Bitcoin and Ethereum remain in a leading pattern. The recovery after a significant drop seems more like a brief respite in a downward trend, with the market showing no capability to resist, and the bearish momentum is extremely weak. The short-term narrow sideways movement is not a signal of a reversal but rather a "half-time break" after the market has gathered strength, and the subsequent downward trend is highly likely to continue.

The core signal for determining a trend reversal is very clear: there must be a significant bullish candlestick with increased volume that can firmly stand above the 5-day moving average; otherwise, all fluctuations are merely weak retracements and cannot reverse the downward trend dominated by the market.
For the current Hangqing, a counter trend is not only the last window for cutting losses and exiting positions, but also an excellent opportunity to strategically layout the market. Do not mistakenly regard the counter trend as a reversal.